Foldingcoin

protectionscheme - pos
name - Foldingcoin
distributionscheme - pow
protocol - counterparty
expiration - extant
doacc - dd38dbdc-2fb0-4e18-a28f-888af71ba19e
total_coins - 1000000000
thread - 682862.0
symbol - FLDC
incept - 2014-07
powscheme - folding
date_founded - 2014-07-09
description - HOW DOES IT WORK? Instead of mining a coin directly, simply point your GPUs at the Folding@Home network developed by Stanford university by downloading their FAH client. What this program does is uses your computers resources to help fold proteins for scientific research. No configuration like CGminer or anything else is needed. This program is very well put together and straight out of the box. HOW DO YOU GET COINS THEN? The way Stanford has this setup is you create a user name and you choose a team that you would like to fold with. You are then given credits for the work you do. Now these credits do not mean anything for the folders at Folding@Home rather they are for bragging rights as you can see a list of all credits awarded on their stats page and you can see where you stand. Well with the counterparty Bitcoin 2.0 project that has recently been released you are able to build new coins on top of the Bitcoin network that already exists. The benifits of this is unlike altcoins that are subject to attacks and difficulty fluctuating all the time, your coin that you create on counterparty is actually secured by the Bitcoin network itself. To see one of these working coins just head over to Let's Talk Bitcoin! as they already have their own coin working using the counterparty protocol. What FoldingCoin.net will do is create a coin using the counterparty protocol and distribute them weekly to every participant in the FoldingCoin Team. 3.5 million coins will be divided equally amongst all participates according to how many credits they have contributed that week to the folding network. For example: if 17,600,000 credits have been folded on the network then the equation will be: 3,500,000 FoldingCoins / 17,600,000 credits = 0.199 FoldingCoins per credit earned. So if someone had 100,000 credits then they would receive 19,900 FoldingCoins. FoldingCoins are traded as FLDC on the CounterParty network
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[a rdfg:Graph;rdflib:storage [a rdflib:Store;rdfs:label 'IOMemory']].

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doacc:dd38dbdc-2fb0-4e18-a28f-888af71ba19e a doacc:Cryptocurrency ;
    dc:description "HOW DOES IT WORK? Instead of mining a coin directly, simply point your GPUs at the Folding@Home network developed by Stanford university by downloading their FAH client. What this program does is uses your computers resources to help fold proteins for scientific research. No configuration like CGminer or anything else is needed. This program is very well put together and straight out of the box. HOW DO YOU GET COINS THEN? The way Stanford has this setup is you create a user name and you choose a team that you would like to fold with. You are then given credits for the work you do. Now these credits do not mean anything for the folders at Folding@Home rather they are for bragging rights as you can see a list of all credits awarded on their stats page and you can see where you stand. Well with the counterparty Bitcoin 2.0 project that has recently been released you are able to build new coins on top of the Bitcoin network that already exists. The benifits of this is unlike altcoins that are subject to attacks and difficulty fluctuating all the time, your coin that you create on counterparty is actually secured by the Bitcoin network itself. To see one of these working coins just head over to Let's Talk Bitcoin! as they already have their own coin working using the counterparty protocol. What FoldingCoin.net will do is create a coin using the counterparty protocol and distribute them weekly to every participant in the FoldingCoin Team.  3.5 million coins will be divided equally amongst all participates according to how many credits they have contributed that week to the folding network. For example: if 17,600,000 credits have been folded on the network then the equation will be: 3,500,000 FoldingCoins / 17,600,000 credits = 0.199 FoldingCoins per credit earned. So if someone had 100,000 credits then they would receive 19,900 FoldingCoins. FoldingCoins are traded as FLDC on the CounterParty network"@en ;
    doacc:comment "Bitcoin 2.0"^^xsd:string ;
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    doacc:protocol doacc:Dafa6da19-d01f-470e-b021-07333cc66319 ;
    doacc:symbol "FLDC"@en ;
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